Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    59 High St Newton, NJ 07860

    • Commercial real estate
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Apr 02, 2024
    $375,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-3046735
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 59 High St

    Year built
    1890
    Construction
    BRICK
    Lot size
    0.16 lot acres
    Zone code
    T-6
    Property type
    Commercial real estate
    APN
    15 00005- 01-00024
    APU
    15000050100024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.7552
    Latitude
    41.0579
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $28,877
    $144,000
    $496,000
    $640,000
    -
    $144,000
    $496,000
    $640,000

    Comparable in this City

    • Value Estimation by Request
      3.16 Acres

      137 Hampton House Rd

      Commercial real estate • 3.16 Acres
      137 Hampton House Rd, Newton, NJ 07860
      View Details
    • Value Estimation by Request

      119 Water St

      COMMERCIAL (GENERAL)
      119 Water St, Newton, NJ 07860-1582
      View Details
    • Value Estimation by Request
      23.81 Acres

      1 Condit St

      COMMERCIAL (GENERAL) • 23.81 Acres
      1 Condit St, Newton, NJ 07860-1505
      View Details
    • Value Estimation
      $565,000
      11.96 Acres

      11 Park Dr

      COMMERCIAL (GENERAL) • 11.96 Acres
      11 Park Dr, Newton, NJ 07860-1455
      View Details
    • Value Estimation by Request
      1,204 SF

      28 Hampton House Rd

      COMMERCIAL (GENERAL) • 1,204 SF
      28 Hampton House Rd, Newton, NJ 07860
      View Details
    • Value Estimation by Request

      929 Fairview Lk Rd

      COMMERCIAL (GENERAL)
      929 Fairview Lk Rd, Newton, NJ 07860-4222
      View Details

    Similar Nearby for Sale

    • $229,000
      8,000 SF

      Newton Commercial Building - High Occupancy

      8,000 SF, 4 Bays, High Occupancy
      291 Spring St, Newton, NJ 07860
      View Details
    • $950,000
      3.16 Acres

      Newton Commercial Land Opportunity

      3+ Acre Highway Commercial Lot
      137 Hampton House Rd, Newton, NJ 07860
      View Details
    • Contact for pricing
      1.68 Acres

      Newton, NJ Detached Garages

      Two Detached Garages - Lease Available
      3 Hillside Ter, Newton, NJ 07860
      View Details
    • Contact for pricing
      0.08 Acres

      Downtown Newton Commercial Garage

      Large Garage, Great Location, Storage Ideal
      86 Main St, Newton, NJ 07860
      View Details
    • Contact for pricing
      7,603 SF

      Prime Newton Restaurant Opportunity

      7,603 SF Restaurant on 4.91 Acres
      36 Hampton House Rd, Newton, NJ 07860
      View Details
    • $839,000

      Commercial Land For Sale

      Commercial land available for sale.
      80 Mill St, Newton, NJ 07860
      View Details

    Similar Nearby for Lease

    • $195 SF/Yr
      73,181 SF

      Garages For Rent Near Route

      Detached garages available for short or long-term lease near Route.
      3 Hillside Ter, Newton, NJ 07860
      View Details
    • $2,280 /Mo
      26,572 SF

      Retail Space in Newton Town

      Retail space for lease in Newton Town, New Jersey.
      29 Trinity St, Newton, NJ 07860
      View Details
    • Contact for pricing
      1,330 SF

      Medical Space for Rent

      1330 SF medical space with three plumbed exam rooms.
      183 High St, Newton, NJ 07860
      View Details
    • $2,375 /Mo

      Updated Three Bedroom Duplex Apartment

      Updated three-bedroom duplex apartment with modern amenities and private backyard.
      3 New Hampshire St, Newton, NJ 07860
      View Details
    • $200,000

      Creamery Building with Open Space

      Warehouse space with heavy power and drive-in doors.
      1090 County Road 519, Newton, NJ 07860
      View Details
    • $225 SF/Yr
      3,485 SF

      Garage For Rent Newton Town

      Large garage with separate door, perfect for storage.
      86 Main St, Newton, NJ 07860
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    59 High St
    Newton, NJ 07860
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.